Hyundai Movex continues to show strong performance. This is attributed to the news of signing a contract to supply automated logistics equipment for secondary batteries worth 73 billion KRW.
As of 9:39 AM on the 21st, Hyundai Movex is trading at 4,720 KRW, up 1.72% compared to the previous day. The stock also closed higher the day before and hit the upper price limit on the 19th.
On the 20th, Hyundai Movex announced that it signed a contract to design, manufacture, and supply automated logistics equipment for secondary battery electrode and assembly processes. The contract amount is 28.82549 billion KRW, which corresponds to 13.7% of last year's sales. The contract period is from the 21st of this month until November 3, 2025.
Earlier, on the 18th, the company disclosed that it signed a supply contract worth 44.3 billion KRW for designing automated logistics equipment for secondary battery electrode and assembly processes. This amount represents 21.08% of recent sales, and the contract period is from the 11th of this month until June 30, 2025.
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